Wages

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Wages Salaries
Hourly Rates / Wages
Wages / Hourly Rates
Annual Salaries
Weekly / Monthly Wages
Wage Rises
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Commission Wages
Overtime Pay
Gross - Deductions NET pay
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Starter Questions
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Wages Salaries
Learning Intention
Success Criteria
1. Understand the terms wage and salary.

1. To explain how to calculate wages.

1. Calculate wage / salary given hourly rate.

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Salaries Overtime
Wages / Salary How much a person is paid to do
a job. Can be measured weekly, monthly
or annually.
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Hourly rate How much you get paid for an
hours work.
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Salaries Overtime
Example 1 Mick the mechanic hourly rate of
pay is 6.50. Last week he worked 38 hours. What
is his basic pay?
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6.50 x 38 247.00
Pay is
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Salaries Overtime
Example 2 Jim is a joiner his hourly rate of
pay is 10.50. He works 40 hours a week. What is
his basic pay?
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10.50 x 40 420.00
Pay is
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Salaries Overtime
Now try Ex 1 a Ch 6 (page 64) Odd questions
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Starter Questions
Q1. Find the value of y when 2y 6 24
Q2. Find the two missing angles
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Q3. Find two numbers that add give 10 and divide
to give 4.
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Wages Salaries
Learning Intention
Success Criteria
1. Understand the term hourly rate.

1. To explain how to work out hourly rates.

1. Calculate hourly rates given the wage and hours
   worked.

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Salaries Overtime
Example 1 Bill the gardener is paid 200 a
week. He works 40 hours a week. What is his
hourly rate?
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200 40 5.00
Hourly rate is
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Salaries Overtime
Example 2 Paul starts a new job and is
promised a hourly rate of 4.90. His wage for the
week was 153.60 for 32 hours Of work. Was the
employers promise true.
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153.60 32 4.80
Pay is
False !
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Salaries Overtime
Now try Ex 1 b Ch 6 (page 66) Odd questions
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Starter Questions
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Wages Salaries
Learning Intention
Success Criteria
1. Understand the term annual salary.

1. To explain how to work out annual salary / wage.

1. Calculate annual salary.

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Salaries Overtime
Annual Wage / Salary How much a person is paid
in a year.
12 months in a year
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52 weeks in a year
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Salaries Overtime
Example 1 Shaun gets paid 1 500 in a
month. What is his annual Salary.
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1 500 x 12 18 000
Annual salary is
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Salaries Overtime
Example 2 A shop assistant gets paid 239 a
week. How much is her annual salary.
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239 x 52 12 428
Annual Salary
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Salaries Overtime
Example 3 A mechanic gets paid 1 100 a
month. A bus driver gets paid 260 a week. Who
gets the better annual salary.
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1 100 x 12 13 200
Annual Salary
Mechanic
260 x 52 13 520
Annual Salary
Bus Driver
Bus driver has better annual wage
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Salaries Overtime
Now try Ex 2 a Ch 6 (page 68) Odd questions
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Starter Questions
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Wages Salaries
Learning Intention
Success Criteria

1. To explain how to work out weekly and monthly
   wages from annual salary.

1. Calculate weekly and monthly wages from annual
salary.
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Salaries Overtime
Example 1 William gets an annual salary of
30 000. What is his monthly wage. What is his
weekly wage.
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30 000 12 2 500
Monthly wage
30 000 52 576.92
Weekly wage
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Salaries Overtime
Now try Ex 2 b Ch 6 (page 70) Odd questions
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Starter Questions
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Wages Salaries
Learning Intention
Success Criteria

1. To explain how to work out new wages after a wage
   rise.

1. Calculate a percentage rise.
2. Calculate new wages after a percentage rise.
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How to find of a quantityusing a calculator
example
Find
Step 1 Convert to a decimal
of means x
Step 2
Step 3 Do sum
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Calculator Keys
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Salaries Overtime
Example 2 Frances earned an annual salary of
20 000 last year. She receives a 10 rise this
year. What is her new salary.
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Rise
10 100 x 20 000 2 000
New salary
20 000 2 000 22 000
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Salaries Overtime
Example 3 Gerry earned an annual salary of
18 000 last year. He receives a 4 rise this
year. What is his new salary.
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Rise
4 100 x 18 000 720
New salary
18 000 720 18 720
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Salaries Overtime
Now try Ex 3 Ch 6 (page 72) Odd questions
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Starter Questions
Q1. How much should I get if I work 30 hours
at a rate of 5 per hour.
Q2. Find the missing angle
33o
Q3. Find 25 of 50
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Wages Salaries
Learning Intention
Success Criteria

1. To explain how to work out wages when commission
   is involved.

1. Understand the term commission.
2. Calculate wages involving commission.
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Salaries Overtime
Commission Money earned based on how much
you sell. Usual expressed as a percentage.
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Write some people who get commission
Car sales person
Double glazing sales person
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Salaries Overtime
Example 1 Ted sells car. He is paid a
commission of 5 on any cars he sells. Last week
he sold 20 000 worth of cars. How much
commission was he paid ?
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Commission
5 100 x 20 000 1 000
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Salaries Overtime
Example 2 Henrik gets paid 60 for playing
for his local football team. He gets a bonus of
30 for every goal he scores. If he scored a
hat-trick in a game. How much was he paid.
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60 3 x 30 60 90 150
Paid
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Salaries Overtime
Now try Ex 4 Ch 6 (page 74) Odd questions
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Starter Questions
Q1. Find value of x when x 4 16
Q2. Find two missing angles
32o
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Q3. Find 20 of 150
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Wages Salaries
Learning Intention
Success Criteria

1. To explain how to work out wages which include
   overtime rates.

1. Understand the terms overtime, double time
and time and a half.
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2. Calculate wages with overtime.
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Salaries Overtime
Overtime When you do extra work above your
basic hours.
You get a better hourly rate for overtime.
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Write down the two common rates of overtime
Double time (x2)
Time and a half (x1.5)
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Salaries Overtime
Example 1 Percy the painter works for 6.00
per hour. His overtime rate is Double time.
What does he get paid for 4 hours overtime.
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4 x 6 x 2 48.00
4 hours Overtime is
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Salaries Overtime
Example 2 John the gardener works a basic 40
hours a week. He does 5 hours overtime at
double time on Saturday. His hourly rate is 8
per hour. Work out his overtime pay and then his
total pay.
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5 x 8 x 2 80.00
5 hours overtime is
40 x 8 320.00
40 hours basic time is
Total pay is 320 80 400
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Salaries Overtime
Now try Ex 5 Ch 6 (page 76) Even questions
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Salaries Overtime
Example 3 Tim the shop assistance works a
basic 30 hours a week. He does 4 hours overtime
at time and a half on Sunday. His hourly rate
is 6 per hour. Work out his overtime pay and
then his total pay.
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4 x 6 x 1.5 36.00
4 hours overtime is
30 x 6 180.00
30 hours basic time is
Total pay is 36 180 216.00
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Salaries Overtime
Now try Ex 5 Ch 6 (page 76) Even questions
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Starter Questions

• Two numbers add to give 12 and divide to give 3.
  Find the two numbers.
• 2. Two numbers subtract to give 5 and
• multiply to 24. Find the two numbers.
• 3. Make your own question up.

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Wages Salaries
Learning Intention
Success Criteria

1. To explain how to work out NET pay.

1. Understand the terms Gross, Deductions and NET
pay.
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2. Calculate NET pay.
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Salaries Overtime
Write down some
Gross Pay What you are paid by the employer.
Deductions Taken off your wages.
Net Pay Your take home pay.
Tax
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National Insurance
Pension
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Salaries Overtime
Example 1 Calculate the Net wage for the
following
Gross Deductions Net Wage
15 550 3 400
13 025 2 905
22 430 5 094
12 150
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10 120
17 336
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Salaries Overtime
Example 2 Calculate the Net wage for this
payslip
704.00
149.00
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555.00
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Salaries Overtime
Example 3 Calculate the Net wage for this
payslip
739.15
207.76
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531.39
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Salaries Overtime
Now try Ex 6 Ch 6 (page 80) Even questions
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